It had its back to the proverbial mat, but an eleventh-hour burst of energy could have given a South Carolina cash advance lending bill the momentum it needs to become the come-back kid of this year’s Legislative session. That is, if coordinated stalling by a few key Republicans in the state House had not torpedoed its last chances for life. The official end to this year’s General Assembly in South Carolina is tomorrow, making it too late for fast cash loan opponents in the Palmetto State to do anything about what they claim is the problem of short-term, high-interest personal loans the likes of which are lent by fast cash loan merchants.
Yesterday, the matter of a proposed payday loan bill turned into a power struggle between Senator Robert Ford of Charleston and House Speaker Bobby Harrell. Harrell had sent the fast cash loan bill to committee, striking what many considered to be a death knell over the controversial legislation. Exercising his right to send any bills to committee that he thought might benefit from further review, Harrell claimed that the cash advance bill had come back from the Senate too far changed from its original state to subject to a vote. Ford retorted by refusing to take action on any of the measures that had come to his chamber from Harrell’s until the personal loan measure was voted upon.
The two lawmakers’ stand-off has come to naught with the close of the business day today. The last day of the legislative session is generally dedicated to review and ceremony, not serious law-making.
source: http://www.paydayloansabc.com
